Directorate Change

RNS Number : 6749I

Saietta Group PLC

06 December 2022

 

6 December 2022

Saietta Group plc

("Saietta", "the Company" or "the Group")

Board Appointment

Saietta (AIM: SED), the multi-national business which designs, engineers and manufactures complete Light-duty and Heavy-duty e-drive systems for electric vehicle , is pleased to announce the appointment of Devyani Vaishampayan as a Non-Executive Director. Devyani has over 35 years of executive experience as a Board Director and Senior Executive in international and multi-sector listed companies with particular responsibilities for Human Resources, including a wealth of experience in leading large, diverse and multibillion complex organisations through transformational change.

As a Thought Leader, Devyani speaks regularly at global forums on varied topics such as the Board's responsibility around culture; ESG; the impact of Artificial Intelligence and Digital on the Future of Work; Change and Transformation; and Leadership and Diversity.

Devyani is currently Audit Chair and Non-Executive Director at Norman Broadbent Plc and an Independent Board Director at the Law Society.

Devyani is a trained Behavioural Scientist, holding a BSc in Physics and Electronics and an MBA from Bombay University and a Chevening Scholar at Leeds University.

Anthony Gott, Executive Chairman of Saietta, commented:

"The Board is delighted that Devyani has agreed to join Saietta. Her wealth of Board experience across HR strategy, risk, performance and organisational development overseeing international businesses undergoing rapid growth will be invaluable to the Company as we enter the exciting and transformative next chapter in our evolution."

Further Information

Devyani Himanshu Vaishampayan (nee Padalkar), aged 58, holds or has held the following directorships or partnerships in the past five years:

Current directorships or partnerships	Previous directorships or partnerships
Norman Broadbent PLC	The British Quality Foundation
The Law Society

There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

-ENDS-

For any further enquiries, please contact:

Saietta Group Wicher (Vic) Kist, Group Chief Executive Officer Steven Harrison, Group Chief Financial Officer	via FTI
Canaccord Genuity (Nomad and Broker) Henry Fitzgerald-O'Connor Patrick Dolaghan	Tel: [phone]
FTI Consulting (Financial PR advisor) Ben Brewerton Dhruv Soni	Tel: [phone] [e-mail]

About Saietta:

Saietta is an AIM-quoted, multi-national business which designs, engineers and manufactures complete Light-duty and Heavy-duty e-drive systems for electric vehicles on land from scooters to buses (Vehicle categories L, M, N and T) as well as marine applications.

Saietta has engineered breakthrough electric motor technology including proprietary AFT (Axial Flux Technology) and RFT (Radial Flux Technology) which can be combined with in-house power electronics, powertrain controls, mechanical axles and transmissions. The designs are unique and modular, delivering both high and low voltage electric drive solutions.  Saietta's difference lies in its ability to conceive powertrain solutions tailored to deliver competitive advantage and its turnkey engineering services designed to fast-track electric vehicle manufacturers from concept to start of production.

To demonstrate the outstanding attributes of the AFT technology and the company also founded it's own next-generation marine propulsion division Propel ( www.propel.me ) which delivers solutions for boating in the electric era that support the transition to decarbonization and clean mobility on waterways.

 

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